CDC Action Zone V.2 — Indicator by piriya33

movingaverage cdc chalokedotcom actionzone

CDC Actionzone V2 is a simple 2MA system with small modification.
There are 4 Action Zones:
Green : Buy
Red : Sell
Blue : Prebuy - use with other indicators (eg. RSI Divergence) to comfirm.
Yellow : Presell - use with other indicators (eg. RSI Divergence) to comfirm.

Buy signalafter presell can be used for pyramiding in an vice-versa.

Release Notes:

Named the plotted lines for easier id.

Release Notes:

Add Alert Conditions for ease of use.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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